Acquisition and Build Loan

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Acquisition and Build Loan

20 November, 2016

Our client approached MSP Capital as they had a development site with planning consent for redevelopment in Poole but limited cash reserves for acquisition.

MSP Capital initially agreed to fund 70% of the purchase price, but increased the funding to 80% after agreeing to take a second charge over an additional off-site asset.

MSP Capital was able to fund a build loan for the development which was completed within eight months and sold for a profit.